LOIC ("Low Orbit Ion Cannon") is an application developed by 4Chan-affiliated hackers…
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In addition to his arrest, the kid's computers have been seized, and PC World reports he's already confessed to taking part in the highly effective DDoS assaults, aimed (so far) mainly at financial institutions that have blocked donations to WikiLeaks. We do not expect this to be the last teen to wind up cuffed for taking part in the 4Chan raids. [PC World]